The stock of Autoliv Inc. (NYSE:ALV) hit a new 52-week low and has $87.87 target or 8.00% below today’s $95.51 share price. The 8 months bearish chart indicates high risk for the $8.37B company. The 1-year low was reported on Nov, 2 by Barchart.com. If the $87.87 price target is reached, the company will be worth $669.60 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 264,880 shares traded hands. Autoliv Inc. (NYSE:ALV) has declined 18.90% since March 31, 2016 and is downtrending. It has underperformed by 21.42% the S&P500.
Autoliv Inc. (NYSE:ALV) Ratings Coverage
Out of 17 analysts covering Autoliv Inc (NYSE:ALV), 2 rate it a “Buy”, 8 “Sell”, while 7 “Hold”. This means 12% are positive. Autoliv Inc has been the topic of 34 analyst reports since July 22, 2015 according to StockzIntelligence Inc. On Monday, March 14 the stock rating was downgraded by Evercore to “Sell”. Bank of America downgraded the shares of ALV in a report on Wednesday, July 22 to “Neutral” rating. The rating was downgraded by Robert W. Baird on Friday, October 28 to “Neutral”. RBC Capital Markets maintained the shares of ALV in a report on Wednesday, December 9 with “Sector Perform” rating. The company was initiated on Monday, September 21 by Wells Fargo. Deutsche Bank maintained Autoliv Inc. (NYSE:ALV) rating on Wednesday, October 14. Deutsche Bank has “Hold” rating and $105 price target. Credit Suisse upgraded the shares of ALV in a report on Friday, July 31 to “Outperform” rating. The stock of Autoliv Inc. (NYSE:ALV) earned “Accumulate” rating by Handelsbanken on Monday, October 10. The firm has “Sector Perform” rating given on Monday, October 5 by RBC Capital Markets. RBC Capital Markets maintained Autoliv Inc. (NYSE:ALV) on Monday, May 2 with “Underperform” rating.
According to Zacks Investment Research, “Autoliv Inc. is a worldwide leader in automotive safety, a pioneer in both seatbelts and airbags, and a technology leader with the widest product offering for automotive safety. All the leading automobile manufacturers in the world are our customers.”
Insitutional Activity: The institutional sentiment decreased to 1.04 in Q2 2016. Its down 0.11, from 1.15 in 2016Q1. The ratio is negative, as 27 funds sold all Autoliv Inc. shares owned while 72 reduced positions. 28 funds bought stakes while 75 increased positions. They now own 28.89 million shares or 7.24% less from 31.15 million shares in 2016Q1.
Bluestein R H & has invested 0.07% of its portfolio in Autoliv Inc. (NYSE:ALV). First New York Securities Ltd Ny has invested 0% of its portfolio in Autoliv Inc. (NYSE:ALV). Pacad Inv last reported 0% of its portfolio in the stock. Canada Pension Plan Inv Board holds 0% of its portfolio in Autoliv Inc. (NYSE:ALV) for 2,321 shares. Principal Grp Inc holds 0.02% of its portfolio in Autoliv Inc. (NYSE:ALV) for 119,761 shares. Shinko Asset last reported 0% of its portfolio in the stock. Art Advsr Ltd Liability Com holds 46,790 shares or 0.25% of its portfolio. National Pension Ser owns 71,806 shares or 0.07% of their US portfolio. Hsbc Public Limited Liability Corp reported 36,102 shares or 0.01% of all its holdings. Brandywine Mngmt Ltd Liability Corp has invested 0% of its portfolio in Autoliv Inc. (NYSE:ALV). Ww Asset has 7,584 shares for 0.03% of their US portfolio. Credit Agricole S A reported 20,217 shares or 0.01% of all its holdings. Brown Advisory last reported 2,018 shares in the company. Highland Capital Mgmt Ltd Co has 4,305 shares for 0.04% of their US portfolio. M&T Bancorp owns 5,743 shares or 0% of their US portfolio.
More recent Autoliv Inc. (NYSE:ALV) news were published by: Fool.com which released: “Autoliv Inc. Tops Its Guidance” on October 27, 2016. Also Fool.com published the news titled: “Autoliv Inc.’s Organic Growth Underwhelms” on July 22, 2016. Fool.com‘s news article titled: “The Airbag Recall Drove Autoliv Inc.’s Strong Q1 Results” with publication date: April 29, 2016 was also an interesting one.
ALV Company Profile
Autoliv, Inc., incorporated on October 1, 1996, is a developer, maker and supplier to the automotive industry of automotive safety systems with a range of product offerings, including passive safety systems and active safety systems. The Firm operates through two divisions: Passive Safety and Electronics. Passive Safety segment includes airbags, seatbelts and steering wheels. Electronics segment includes active safety products, such as camera vision systems, night driving assist, automotive radars, brake controls and other active safety systems, and passive safety electronic products, such as restraint electronics and crash sensors. Passive safety systems are primarily meant to improve vehicle safety, and include modules and components for passenger and driver-side airbags, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, whiplash protection systems and child seats, and components for such systems passive safety electronic products, such as restraint electronics and crash sensors. Active safety systems are designed to make driving easier and comfortable and to intervene before a collision in order to make accidents avoidable or reduce the impact.
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